1. The court will appoint an administrator, for a fee.
2. Your spouse may end up with less than s/he needs.
3. Your assets may be divided equally among your heirs.
4. Your grandchildren may not get a cent.
6. You can't name a guardian for minor children.
7. You won't be able to minimize estate taxes your children or other heirs might have to pay.
8. You can't leave your favorite things to your favorite people.
9. You can't leave contributions to a church or charity.
10. Your loved one could lose his/her benefits.
The web page also gives an explanation for these ten reasons that if you want to read then you should go to the site. I could of course put those reasons on this blog, however that would make the blog longer and I dought that most people would want to read that long of a blog. Any way the website also states that you usually don't need an attorney to write a will unless you have an estate over a million dollars or would like to use some sophisticated tax planning. If so then it would be wise to consult with somone who has experience and knowledge in this area.
So if you are in need of preparing a will then you should use the free information and the inexpensive will preporation services that ASN provides so click here.
